Columbus Gold Corp CGTFF

Stunning 75% loser ~ one year

[Barebear]

5M dillution in today’s NR.   63M market cap.  And a realistic cap on the SP.  Guista took over a mil in options, bonus (for -70-75% SP perf in a year) salary.  This management are piranha. 

Worse, NordGold doesn’t even need to buy us out at any price now.   They can just do what they will with the project.  This company has been a total disappointment since I got in 5 years ago.  

Any insight from this dormant board?

[lsjblade]

I think that norgold does not ''have to'' participate in our private placement, but it did anyway. I think that shows that they wont try to swindle us , and are willing to help us out while we wait for the mine to start up. If they own 12% of cgt, I think that if the day comes that they buy us out, they will give us a fair shake... I hope

[123buyholdhope]

Not sure why CGT did this placement. Afterall, they still have plenty of AUAU shares to turn into CGT administration cash for the next 2 years. Do they know something about AUAU and did not want to touch those shares (Newmont wants to buy Goldcorp a 10% holder in AUAU)? Maybe CGT wanted cash now to fund that $2mill they have to provide within 2 years of the start of  Iamgold Maripa option.

[ukermann]

I think the "doing nothing" option sez Columbus is carried to production with a 15% stake, plus whatever NSM they still retain. At that point, I' m sure Nord would just buy them out, get them out of the way, on go on with their lives. What that might be worth at that point in time is anybody's guess. I feel like 5 million ounces have been stolen from underneath us.

[lsjblade]

If nord wanted us out, they would have made us a cheap offer all-ready. I do not know what kind of relationship Guistra has with nord, but I think it is good. just can't wait until we get to NG ok for the mine. all the big boys need more ounces, and nord is not any different. I thing all is good.

[Barebear]

So good you buy more?    Does just cucle between .15 - .20 (us) for intermediate future? Oh, I was unfortunate in Allied Nevada too.  The mine was stolen, shareholders got the “shaft...” Mercy!

[lsjblade]

No, I wont buy more, not for the moment anyway. my position is already heavy in this co. but, that does not mean that it is a bad investment. again, we will just have to wait and see.

[lsjblade]

weird... start out the day at .215, went up to .27. and now back down to .225 WTF ?

[ukermann]

Little bit of volume today, and as blade pointed out, prices were all over the lot. Hmmm.... Yesterday, IAG announced they would be putting their Cote project on ice for a while. They, IAG, remain a significant shareholder in CGT from their Euro Resources deal who then had interests in this whole project. I believe they still hold exploration rights as well as a NSR on this Paul Isnard parcel

[lsjblade]

a lot of if's ant but's , but something is up. a lot of volume . maybe just the French govn. task force is ready to ok the project, and permit the permitting process to go forward.

[Barebear]

Unfortunately, it seems to me No rd can take us out at what ever price they choose, i.e. Steal the resource at will.  G sucks.   Oh, how's Alliegent working out for everyone?

[grape562000]

15% of currently reported NPV is $55M USD or .30 USD per share. That does not include exploration potential/value nor does it reflect any NSR that Columbus would be entitled to. That would be ugly for me. I wish I had sold at .70 cents but that is just wishful thinking now. In any event, the best possible scenario in my opinion would be to get the permits from the government and sell a stream to

[lsjblade]

you certainly see the co. as a loosing proposition. I think that with a mill permit in hand, we will be bought out. lets just hope that we can build the mill. maybe even a nice dividend some day. one thing that does bother me though, is the 507,000 salary that m. Giustra earned last year. these guy's just fill their pocket, regardless of share value.